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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
AMENDMENT NO. 1
TO
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities and Exchange Act of 1934
November 17, 1997
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Date of Report (date of earliest event reported)
YOU BET INTERNATIONAL, INC.
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(Exact Name of Registrant as Specified in its Charter)
Delaware 33-13789 LA 87-0422246
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(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification
Incorporation) Number)
1950 Sawtelle Boulevard, Suite 180, Los Angeles, California 90025
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(Address of principal executive offices)
(310) 444-3300
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(Registrant's telephone number,
including area code)
Exhibit Index
on Page 4
1 of 5 pages
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
Effective November 3, 1997, Deloitte & Touche LLP resigned as the
Company's independent accountants. As of the date of this Report, the Company
has not engaged new independent accountants.
None of the reports on the Company's financial statements for either
the two fiscal years ended December 31, 1995 or December 31, 1996 contained an
adverse opinion or a disclaimer of opinion, or were modified as to uncertainty,
audit scope or accounting principles, except that the reports contained an
emphasis paragraph relating to the Company's ability to continue as a going
concern. During the fiscal years 1996 and 1995 and the subsequent interim
periods through November 3, 1997, there were no disagreements with Deloitte &
Touche LLP on any matter of accounting principles or practices, financial
statement disclosure or auditing scope or procedure, which disagreements, if not
resolved to the satisfaction of Deloitte & Touche LLP would have caused Deloitte
& Touche LLP to make reference to the subject matter of the disagreements in
connection with the firm's reports on the Company's financial statements. In
addition, there were no such events as described under item 304(a)(1)(v) of
Regulation S-K during the fiscal years 1996 and 1995 and the three subsequent
interim periods through November 3, 1997.
The Company has provided Deloitte & Touche LLP with a copy of the
disclosures contained herein, and has requested the firm to furnish the Company
a letter addressed to the United States Securities and Exchange Commission
stating whether they agree with the statements made by the Company in response
to Item 304(a) and, if not, stating the respects in which it does not agree. A
copy of such letter is attached as an exhibit to this current report on Form
8-K.
Item 7. FINANCIAL STATEMENTS AND EXHIBITS
c. Exhibits:
Exhibit
Number Description
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16.1 Letter from Deloitte & Touche LLP addressed to the
Securities and Exchange Commission
2
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
YOU BET INTERNATIONAL, INC.
By /s/ David M. Marshall
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Dated: November 17, 1997
3
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INDEX TO EXHIBITS
Exhibit Page
Number Description Number
- ------- ----------- ------
16.1 Letter from Deloitte & Touche LLP
addressed to the Securities and Exchange
Commission 5
4
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November 19, 1997
Securities and Exchange Commission
Mail Stop 9-5
450 5th Street, N.W.
Washington, DC 20549
Dear Sirs/Madam:
We have read and agree with the comments in Item 4 of Amendment No. 1
to Form 8-K of You Bet International, Inc. dated November 17, 1997.
Yours Truly,
/s/ Deloitte & Touche LLP
Los Angeles, California
Exhibit 16.1
5
